ROC rocks on ... alert ... astrostuff

[yogi-in-oz]

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Hi folks,

Some simple analysis on ROC, again
shows us the value of watching key
anniversaries for the oilers .....

..... of course, we make a solar
connection here, between a sensitive
point on the ROC astrodial and a
transit of the sun.

For the past 3 consecutive years, ROC
has rallied from January 2nd, with the
shortest rally lasting 3 weeks, in 2003.

2002 ... ROC rallied for about 6 weeks,
until mid February.

2001 ... ROC rallied for 7 months to the
top of the previous trading
channel.

-----

ROC price range = Jan 2nd 2002 = 1.52-1.61
Close = 1.55

ROC range, so far Jan 2nd 2004 = 1.53-1.57

If we close above 1.58 today, then ROC has
also breached above, the lower side of that old
trading channel, with a potential upside
to around 2.16 + .....

Next upside resistance for ROC, may be
expected around 1.65 .....

happy trading in 2004

yogi

P.S. ..... happily holding ROC.

------------------------

http://easy-trading-tools.00cd.com

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[yogi-in-oz]

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Hi folks,

ROC has built up some significant momentum
recently and closed just above some historical
resistance, today .... see post above.

In the event of a blowoff top, as we approach
the first spud date in China ... a target about
180 may be achievable and will see us exit, soon.

Tight stops now, too .....

This one has been kind to us, but due to the
higher momentum in this rally, our target may
be met sooner than expected.

Even if we do bail out before the 1st China
spud date, there will likely be plenty of chances
to re-enter, as the drilling program progresses.

happy trading all

yogi

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[yogi-in-oz]

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Hi folks,

ROC up strongly today, after a pullback,
since my last post ..... and it has been
a long time since a ubuyer appeared
in the market depth for ROC, but
there's one there right now .....

This should allow us some more room to
exit higher than our previous 180 target.

Let's see how many sellers appear at around
175 and 180, then we'll review the trades,
at that time ..... 202, even 220 may be
possible, if they can sustain this high
momentum until the first spud date,
in China.

happy trading all

yogi

http://easy-trading-tools.00cd.com

P.S. ..... holding ROC.

:) _ :) _ :) _ :) _ :)

==================================

[yogi-in-oz]

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Hi folks,

ROC nearing that previous high again,
but volume is only moderate.

ROC took a hit last week on news that
they would have to postpone $5 million
in gas sales in the UK, due to a fault
in a 3rd party gas plant.

It has recovered quickly and there may
be some new buyers coming in, ahead of
ROC's first well in the China program,
next week.

happy trading

yogi

P.S. ..... holding ROC

http://easy-trading-tools.00cd.com

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[yogi-in-oz]

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Hi folks,

ROC still ticking up nicely, on a steady
uptrend and closed on our initial target
today, at 1.80 ......

With a little more time now, before the
spud of the first well in China, ROC
may spike a bit higher ..... but, it is
time for us to exit soon, according
to our original trading plan.

We may be leaving a little profit on the
table, but we have made our planned
profits and will be able to exit, before
the panic starts.

happy trading all

yogi

http://easy-trading-tools.00cd.com

:) :) :) :) :)

[yogi-in-oz]

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Hi folks,

As requested, here's one techie's view on ROC .....

With a new well spudded in China today and no
news expected for the next 7-10 days, it may
be a period where ROC will test its lows, as
the affect of the recent rights issue takes
its toll.

Down side support expected around:

1.50 - 1.42 - 1.32

Key dates ahead:

May 17 and 21-24

June equinox 21-23

July 07 ..... (179 upside ... 132 downside?)

If 07 July proves to be a low, then a big move
up is expected into 06 November 2004, where
several time cycles fall on the same day.

06 Nov 04 = 1.92 ...?

That would also fit with the timing of the
Mauritania drilling program, as well .....

Beyond that:

12 December 2004

14 March 2005

18 May 2005

So short-term ROC's chart has more room
to move on the downside, but a discovery
in that China well, may help to provide
a low, around 1.42, which has been a key
support level, in the past .....??

Hope this helps some.

happy trading all

yogi

http://finance.groups.yahoo.com/group/gann_signs/

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[yogi-in-oz]

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Hi folks,

..... ROC abandons China drilling program
and price finds support at 1.41, today.

Will be alert for a low next week, as this
news becomes more widely known.

happy days

yogi

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